Ministry of Commerce & Industry
FIRST TIME EVER IN A MONTH, INDIAN EXPORTS CROSSED US$ 34 BILLION IN MARCH 2021;
INDIA’S MERCHANDISE TRADE: Preliminary Data for March 2021 released;
India’s merchandise exports in March 2021 were USD 34.0 billionas compared to USD 21.49 billion in March 2020, anincrease of 58.23%;
India’s merchandise imports in March 2021 were USD 48.12 billion as compared to USD 31.47 billion in March 2020an increase of 52.89%;
India is a net importer in March 2021 with a trade deficit of USD 14.11 billion as compared to trade deficit of USD 9.98 billion in March 2020,increased by 41.4%;
Value of non-petroleum and non-gems and jewellery exports in March 2021 was USD 27.25 billion as compared to USD 16.95 billion in March 2020, a positive growth of 60.72%;
Non-oil, non-GJ  imports were USD 27.01 billion in March 2021 as compared to non-oil and non-GJ imports of USD 18.70 billion in March 2020, also apositive growth of 44.45%;
Top 5 commodity groups of export which recorded positive growth during March 2021 vis-à-vis March 2020 are: Other Cereals , Oil Meals , Iron Ore , Jute Manufacturing Including Floor Covering, and Carpet;
Top 5 commodity groups of import showing a fall in March 2021vis-à-vis March 2020 are: Silver , Newsprint , Transport equipment , Project goods , and Pulses .
India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 billion in March 2020, anincrease of 58.23%.Exports during April-March2020-21 were USD 290.18 billion, as compared to USD 313.36 billion during the same period of last year, exhibiting a negative growth of 7.40%.
India’s merchandise imports in March 2021were USD 48.12 billion as compared to USD 31.47 billion in March 2020, anincrease of 52.89%. Merchandise imports during April-March 2020-21 were USD 388.92 billion, as compared to USD 474.71 billion during the same period of last year, exhibiting a negative growth of 18.07%.
India is thus a net importer in March 2021, with a trade deficit of USD 14.11 billion, as compared to trade deficit of USD 9.98 billion, improvement by 41.4%.
In March 2021, the value of non-petroleum exports was USD 30.79 billionas compared to USD 18.97 billion in March 2020, registering a positive growth of 62.3%. The value of non-petroleum and non-gems and jewellery exports in March 2021 was USD 27.25 billion, as compared to USD 16.95 billion in March 2020, registering a positivegrowth of 60.72%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-March2020-21 was USD 238.54billion, as compared to USD 236.17 billion for the corresponding period in 2019-20, exhibiting a growth of 1.0%.
In March 2021, Oil imports were USD 10.17 billion, as compared to USD 10.05 billion in March 2020, a growth of1.22%. Oil imports in April-March2020-21 were USD 82.25 billion, as compared to USD 130.55 billion, showing a decline of 37.0%.
Non-oil imports in March 2021are estimated at USD 37.95 billion, as compared to USD 21.42 billion in March 2020, showing anincrease of 77.12%. Non-oil imports in April-March2020-21 were USD 306.67 billion, as compared to USD 344.16 billion, registering a decline of 10.89% during the same period of the last year.
Non-oil, non-GJ  imports were USD 27.01 billion in March 2021, recording a positive growth of 44.45%, as compared to non-oil and non-GJ imports of USD 18.70 billion in March 2020. Non-oil and non-GJ imports were USD 252.50 billion in April-March 2020-21, recording a negative growth of 13.15%, as compared to non-oil and non-GJ imports of USD 290.74 billion in April-March 2019-20.
Major commodities of export which have recorded positive growth during March 2021 vis-à-vis March 2020 are: Other cereals , Oil meals , Iron ore , Jute mfg. Including floor covering ,Carpet , Electronic Goods , Gems and Jewellery , Engineering goods , Cereal preparations and miscellaneous processed item , Rice , Spices , Cotton yarn/fabrics/made-ups, handloom products etc. , Meat, dairy and poultry products ,Ceramic products and glassware , Drugs and pharmaceuticals , Organic and Inorganic Chemicals , Plastic and linoleum , Handicrafts excl. Hand-made carpet ,Marine products ,Man-made yarn/fabrics/made-ups etc. , Mica, coal and other ores, minerals including process ,Petroleum products , RMG of All Textiles , Coffee , Fruits and vegetables , Leather and leather manufactures , Tobacco , and Tea .
Remaining two commodities of whichexport have recorded negative growth during March 2021 vis-à-vis March 2020 are Oil Seeds , and Cashew .
Major commodity groups of import showing positive growth in March 2021 over the corresponding month of last year are: Gold , Sulphur & Unroasted Iron Pyrites , Dyeing/tanning/colouring materials , Textile yarn Fabric, made-up articles , Chemical material & products , Artificial resins, plastic materials, etc. ,Pearls, precious & Semi-precious stones ,Electronic goods , Metaliferrous ores & other minerals , Non-ferrous metals , Wood & Wood products , Professional instrument, Optical goods, etc. , Machinery, electrical & non-electrical , Vegetable Oil , Iron & Steel , Organic & Inorganic Chemicals , Medcnl. & Pharmaceutical products , Machine tools , Leather & leather products ,Pulp and Waste paper ,Fruits & vegetables ,Coal, Coke & Briquettes, etc. ,Cotton Raw & Waste ,Petroleum, Crude & products .
Major commodity groups of import showing negative growth in March 2021 over the corresponding month of last year are: Silver , Newsprint , Transport equipment , Project Goods , and Pulses , and Fertilizers, Crude & manufactured .
MERCHANDISE TRADE: Preliminary Data, March 2021
Summary Value in USD Billion
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Total
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Non-Petroleum
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Non- Petroleum and Non-Gems &Jewellery
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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Exports
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21.49
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34.00
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58.23
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18.97
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30.79
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62.30
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16.95
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27.25
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60.72
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Imports
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31.47
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48.12
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52.89
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21.42
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37.95
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77.12
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18.70
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27.01
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44.45
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Deficit
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-9.98
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-14.11
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41.40
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-2.45
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-7.15
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191.85
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-1.74
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0.24
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-113.77
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Change by top Commodity Groups
Value in USD Million
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Top Increase in March 2021 as compared to March 2020
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Top Decline in March 2021 as compared to March 2020
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Commodity group
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Change in value
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% change
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Commodity group
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Change in value
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% change
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Export
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ENGINEERING GOODS
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3819.97
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70.28
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OIL SEEDS
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-7.60
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-6.60
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GEMS AND JEWELLERY
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1525.94
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75.57
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CASHEW
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-0.80
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-1.95
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DRUGS AND PHARMACEUTICALS
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732.28
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47.37
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Import
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GOLD
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7173.48
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584.21
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TRANSPORT EQUIPMENT
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-840.53
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-32.73
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ELECTRONIC GOODS
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2538.99
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76.66
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SILVER
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-87.69
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-90.22
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MACHINERY, ELECTRICAL & NON-ELECTRICAL
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1314.53
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59.92
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PROJECT GOODS
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-31.92
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-32.56